NICE completed the acquisition of Mattersight for $ 103 million

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by Ifi Reporter Category:Hitech Aug 21, 2018

NICE completed the acquisition of Mattersight from the United States for $ 103 million, and the acquisition was completed after receiving the necessary approvals, including Mattersight's shareholders, for which NICE paid them $ 2.7 per share, and announced the acquisition last April, Then a premium of about 25% on Matsight's stock price on the NASDAQ.
NICE provides solutions for managing customer relations and risks, and is traded on the NASDAQ and Tel Aviv Stock Exchange at a market value of $ 7.2 billion. In a statement on the company's acquisition, NICE noted that through interaction analysis, Mattersight produces deep insight into both the customer and the service representative, and acts on these insights in real time to uniquely connect them. The integration of NICE's existing solutions with Mattersight's products, according to NICE, is expected to enable organizations to benefit from the most advanced solutions in the market, which create personalization and personal connection between the customer and the organization in real time.
Upon completion of the transaction, NICE CEO Barak Eilam said: "We are excited to add Mattersight to NICE. Being a leading analyst in the cloud analytics, I am proud to provide our customers with innovative technology. "
In the second quarter, before the completion of the acquisition, NICE had $ 689 million in the fund, and in the years 2016-2017 NICE acquired five companies with a total volume of approximately $ 50 million, $ 1.2 billion, the largest of which is InContact, which was acquired for $ 940 million.

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